The transparency President is now the President who feels your pain.
According to the NY Times, in the State of the Union address Obama will unveil some highly targeted tax credits aimed at families, and some caps on student loan repayments:
By focusing on what one White House official calls “the sandwich generation” — struggling families squeezed between sending their children to college and caring for elderly parents — Mr. Obama hopes to use his speech on Wednesday to demonstrate that he understands the economic pain of ordinary Americans. The proposals also include expanded tax credits for retirement savings and money for programs to help families care for elderly relatives.
These don’t sound like the sort of tax cuts which will get the economy moving. Individually some of these credits and caps may be appealing, but they will do nothing to create private sector job growth.
People need private sector jobs more than anything, and this President appears to remain clueless. At least that much is clear.
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